The global phenolic resin market is expected to
reach an estimated value of $13.3 billion by 2019. The major drivers of phenolic
resin market are increasing use of fire retardant materials in automotive, construction
and aerospace industry. Phenolic resin is being used in various parts in an
automotive vehicle such as power train, brake, fuel system, air supply system and
cooling system. Growing demand of phenolic resins from automotive sector will
drive this industry. Increasing penetration of phenolic resin in thermal insulation
products driven by the legislations imposed by many countries and regional
organizations for energy efficient buildings is also fueling the demand for
phenolic resins in construction industry. Increasing use of composites based on
phenolic resins, in mass transit, marine, and aerospace industry will further
drive this market.
Lucintel, a leading global management
consulting and market
research firm,
has analyzed the global phenolic resin market by regions and by applications and
has come up with a Chemical
Industry Analysis Report, “Global Phenolic Resin Market 2014-2019: Trend,
Forecast, and Opportunity Analysis”. This report provides an analysis of the
global phenolic resin market including the market trends, growth opportunities,
key drivers and challenges, emerging trend, unmet needs, and company profiles
of leading suppliers in the market. The study also includes global phenolic
resin market forecasts through 2019, segmented by regions and by applications as
follows:
Global phenolic resin market by
regions:
- North America
- Europe
- Asia Pacific
- Rest of World
Phenolic resin market for the following
applications for above regions:
- Plywood
- Molding compound
- Insulation
- Laminates
- Others
On the basis of its comprehensive research,
Lucintel forecasts that majority of the segments for global phenolic resins market will grow moderately during 2014-2019. Molding
compound segment is growing at a greater pace than insulation, plywood, laminates
and other segment. Construction and automotive industries have a strong
potential for growth of global phenolic resin market pushed by the growth in
GDP, consumer expenditure, and employment. Momentive Specialty Chemicals Inc., Sumitomo
Bakelite Co. Ltd., Shengquan Group Co., Ltd., Georgia-Pacific Chemicals LLC,
BASF, SI Group Inc., and Dynea are among the major suppliers of global phenolic
resin market. Regular innovation of products is very important for companies to
sustain their successful position in the market.
This 223-page research report will enable you
to make confident business decisions in this globally competitive marketplace. For
a detailed table of contents and pricing information on these timely,
insightful reports, and other Chemical
Market Research Reports contact
Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel
provides cutting-edge decision support services that facilitate critical
decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat
in its website to answer your questions in real time.
About Lucintel
Lucintel, the premier
global management consulting and market research firm creates winning strategy
for growth—whether you need to understand market dynamics, identify new
opportunities, or increase your profitability. It offers market assessments,
competitive analysis, opportunity analysis, growth consulting, M & A and
due diligence services to executives and key decision-makers in a variety of
industries. Over the last 15 years, Lucintel has served over 1,000 corporations
in 70 countries. For further information, visit www.lucintel.com.
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